Spain Tops British Investors Property Destination List

For the past 50 years we Brits have had a love affair with the Spanish costas and Balearic islands, reports the Independent

"A home from home for many, Spain's climate, infrastructure, ease of access from the UK, combined with good hospitals and healthcare system, political stability, timeless tourism appeal and affordable housing market draws buyers in their droves," says Marc Pritchard from housebuilder Taylor Wimpey España.

There is a huge oversupply of newbuild and off-plan properties, so there are big discounts up for grabs but remember to pick carefully. There are many horror stories of Brits who saw their homes bulldozed because cowboy builders and planning officials didn't obtain valid building licences. if countries like Spain were to leave the euro and return to a devalued national currency, foreign investors could come unstuck.

Spain also continues to be the most popular holiday destination for Brits over the Easter period with data from Carhiremarket.com revealing that from the 31st March to 15th April, 35% of UK holiday makers hiring a car through the company booked a holiday to Spain, reports A Place in the Sun.

The news is positive for those looking to rent out their property in Spain, showing that our appetite for sun, sea and sangria has not disappeared despite the global economic crisis. Almost 2.8 million foreign tourists arrived in Spain in January this year, of which 19.1% were Brits. This was a 4.6% increase on January 2011.

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